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Nominal wage dynamics in Azerbaijan up for 4M2023

Economy Materials 22 May 2023 12:06 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 22. The average monthly nominal wage of employees from January through March 2023 increased by 11.4 percent compared to the same period last year and amounted to 901.3 manat ($530.1) in Azerbaijan, the State Statistics Committee (SSC) of Azerbaijan told Trend.

The wages in the oil and gas sector amounted to 3,878 manat ($2,281), while in the non-oil and gas sector - 843.8 manat ($496.3). The wages of employees of state-owned enterprises amounted to 855.7 manat ($503.3), and private enterprises - 952.5 manat ($560.2).

According to the SSC, the highest wage is recorded among workers in the mining sector, insurance and finance, information, communications, as well as in the field of scientific and technical activities.

Average monthly nominal wage by type of economic activity from January through March 2023 (in manat):

Economic activities

In total

Including

Public sector

Private sector

In the whole country

901.3 ($530.1)

855.7 ($503.3)

952.5 ($560.2)

Agriculture, forestry and fishing

528.9 (311.1)

527.3 ($310.1)

530.1 ($311.8)

Mining industry

3,719.4 ($2187.8)

2,170.5 ($1276.7)

4,564.4 ($2684.9)

Manufacturing industry

826.3 ($486)

1,080 ($635.2)

786.6 ($462.7)

Production, distribution and supply of electricity, gas and steam

926.6 ($545)

925.1 ($544.1)

1,001 ($588.8)

Water supply, waste treatment and recycling

683.1 ($401.8)

635 ($373.5)

1,191.8 ($701)

Construction

1,030.2 ($606)

913.3 ($537.2)

1,066.6 ($627.4)

Trade; vehicle repair

614.3 ($361.3)

772.4 ($454.3)

613.3 ($360.7)

Transport and storage facilities

1,190.4 ($700.2)

1,247.6 ($733.8)

1,109.8 ($652.8)

Tourist accommodation and catering services

709.1 ($417.1)

1,414 ($831.7)

674.8 ($396.9)

Information and communication

1,537.7 ($904.5)

1,243.7 ($731.5)

1,773 ($1,042.9)

Financial and insurance activities

2,053.9 ($1208.1)

2,290 ($1347)

1,995.5 ($1,173.8)

Operations with real estate

824.2 ($484.8)

936.6 ($550.9)

777.5 ($457.3)

Professional, scientific and technical activities

1,455.9 ($856.4)

967.7 ($569.2)

1,970.7 ($1,159.2)

Provision of administrative and support services

543.3 ($319.5)

496 ($291.7)

687 ($404.1)

Public administration and defense; social security

1,258.9 ($740.5)

1,299.2 ($764.2)

446.4 ($262.5)

Education

687.8 ($404.5)

681.1 ($400.6)

842.3 ($495.4)

Provision of health and social services to the population

782.7 ($460.4)

804.4 ($473.1)

674.6 ($396.8)

Recreational, entertainment and artistic activities

723.5 ($425.5)

662.3 ($389.5)

1,310.3 ($770.7)

Provision of other services

1,048.2 ($616.5)

1,679.7 ($988)

912.7 ($536.8)

The average monthly nominal wage of employees in 2022 increased by 14.7 percent compared to the same period last year and amounted to 839.4 manat ($493.7) in Azerbaijan.

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